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Afford Anything

Michael Kitces: Investing in Stocks vs. Skills [GREATEST HITS WEEK]

Afford Anything

Paula Pant | Cumulus Podcast Network

Entrepreneurship, Business, Investing

4.63.4K Ratings

🗓️ 17 April 2024

⏱️ 71 minutes

🧾️ Download transcript

Summary

Stocks or skills? How should you invest? Should you pour money into unlocking your income potential? Or should you pour money into the market? Forget the motivational posters -- unlimited potential is real. But unlocking it takes investment. The question is: Do you invest in yourself or the market? Stocks, bonds, real estate offer clear returns. But what about investing in your skills, a side hustle, or education? Financial advisor Michael Kitces joins us to crack the code on maximizing your return on investment, both personal and financial. Learn how to make smarter choices about your future and unlock your true potential. We're sharing this as part of GREATEST HITS WEEK, a 5-day series in which we're sharing 5 episodes, across 5 days, that we produced during the earliest years of the Afford Anything podcast. You may have missed it then; enjoy it now. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0

Welcome to episode 3 in this special five-part series in which we share one episode a day over the span of five days is our celebration of our upcoming episode 500.

0:14.7

So episode 500 is going to air on 424.

0:18.8

Today, we are sharing an interview that originally aired back in 2017 back when the

0:26.4

Afford Anything podcast was brand new. This is an interview with Financial

0:31.5

Advisor Michael Kitzis who talks about the fact that your mind is more

0:38.0

powerful than your capital. Your potential is unlimited and I realize that's the type of cliche that you normally find embossed

0:47.1

incursive script on the side of coffee mugs. It's trite, it's impersonal, it's overused, but it's also true. Your potential truly is unlimited,

0:56.8

your potential to earn and to grow. But while it is unlimited, it's not free. You need to invest time and money into developing

1:06.2

that potential, but that time and money are limited and you could

1:12.0

alternatively choose to invest in market-based assets like stocks, bonds, real estate.

1:17.0

So how do you make that decision? How do you decide whether to invest in yourself or whether to invest in the market or of course you want to do a mix of both but how do you decide in what proportion you should allocate your investments?

1:32.4

We're going to discuss that with famed financial allocate your investments.

1:32.8

We're going to discuss that with famed financial advisor Michael Kidd system.

1:37.1

Now again, this episode is episode number three of five in our special five part series of episodes that we are sharing that

1:48.8

originally aired during the early days of the Afford Anything podcast. If you are interested in learning time-honored, time-tested principles of investing and resource allocation, you'll enjoy this interview with Michael Kittsis

2:06.1

about how to build human capital. Enjoy.

2:09.7

Hey Michael.

2:14.0

Hello Paula, good to be here.

2:15.6

Oh, thank you for coming on the show.

2:17.4

My pleasure, thanks for having me over.

2:19.0

I wanted to chat with you, your blog, Nords-eye View, I love how deep you go into a lot of topics, and there's so much there that we could talk about,

2:28.0

but I actually wanted to talk to you about something that you've written about that I think isn't discussed enough and it's the concept of human capital.

...

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